Meagel Charitable Trust

PARKERSBURG, WV EIN: 55-6138839

Meagel Charitable Trust is a private foundation based in Parkersburg, West Virginia. Established in 2000, the trust operates as a non-operating foundation with United Bank Inc. serving as its principal officer. The foundation is one of several grantmaking organizations in the Parkersburg area and maintains a focused approach to charitable giving within its defined priority areas.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$18.2M

-0.3% YoY

Annual Giving

$877K

-3.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$55K

-3.9% YoY

Under IRS private-foundation payout rules, Meagel Charitable Trust reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The trust primarily funds:

Educational scholarships
Care for the homeless and those in need
Sight preservation
Research in West Virginia
Research and education
Religious organizations
Rehabilitation services
Public parks and recreation

Grantmaking

The foundation typically selects grantees from preselected charitable organizations only.

Grant Range

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How to Apply

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Geographic Focus

Where this funder awards grants

Grantmaking is concentrated in West Virginia. The foundation has distributed grants to organizations in West Virginia, Florida, and Oklahoma.

Grant Distribution by State

West Virginia $4.9M (90%)

Florida $269K (5%)

Oklahoma $269K (5%)

States

Florida Oklahoma West Virginia

Cities

MorgantownOklahoma CitySt PetersburgWest LibertyWheeling

Financial History

Multi-year comparison from IRS filings

As of December 2023:

Total Assets: $18,236,474
Total Revenues: $657,054
Total Expenses: $1,089,603
Annual Income: $2.6 million

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$18,177,001	$18,236,474	$18,674,518
Revenue	$1,004,256	$657,054	$361,059
Expenses	$1,070,145	$1,089,603	$1,581,149
Qualifying Distributions	$877,388	$912,700	$1,349,640
Net Investment Income	$1,004,256	$657,054	$570,477
Distributable Amount	$1,258,869	$1,138,818	$1,202,132

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

80 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Parks System Trust Fund ($87,739), Trinity Lutheran ($87,739), West Liberty University Fdn ($87,739).

Recipient	Purpose	Amount
AMERICAN CANCER SOCIETY OKLAHOMA CITY, OK	RESEARCH AND EDUCATION	$43,869
AMERICAN HEART ASSOCIATION ST PETERSBURG, FL	RESEARCH IN WV	$43,869
CHILDREN'S HOME OF WHEELING WHEELING, WV	CARE OF CHILDREN	$43,869
COMMUNITY FOUNDATION OF THE OHIO VA WHEELING, WV	FOR THOSE IN NEED	$43,869
ENDOWMENT FOR KING'S DAUGHTERS WHEELING, WV	CHILD CARE	$43,869
HOUSE OF THE CARPENTER WHEELING, WV	CARE FOR HOMELESS AND THOSE IN NEED	$43,869
LIONS CLUB OF WHEELING WHEELING, WV	SIGHT PRESERVATION	$43,869
PARKS SYSTEM TRUST FUND WHEELING, WV	GENERAL USE FOR PUBLIC PARK	$87,739
SALVATION ARMY WHEELING, WV	CARE FOR HOMELESS AND THOSE IN NEED	$43,869
TRINITY LUTHERAN WHEELING, WV	RELIGIOUS	$87,739

Leadership & Key People

Leadership team and compensation from IRS filings

United Bank Inc. serves as the principal officer of the trust.

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Recent News & Activity

Recent developments and announcements

2023

The foundation made 16 grants in its most recent tax year (2023), continuing its pattern of supporting educational, social service, and community development initiatives across West Virginia.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Meagel Charitable Trust fund?

The trust primarily funds: • Educational scholarships • Care for the homeless and those in need • Sight preservation • Research in West Virginia • Research and education • Religious organizations • Rehabilitation services • Public parks and recreation

How do I apply for a grant from Meagel Charitable Trust?

**Grant Activity:** • Made 16 grants in 2023 • Historical grantmaking: 64 grants totaling $4.5 million across available records • Annual distribution range: $913,000 to $1.3 million (2020-2023) • Highest grantmaking activity in 2022 with $1.3 million distributed across 16 grants **Grant Sizes:** • Individual grants range from $46,000 to $147,000 • Average award: $71,000 • Median grant: $59,000 **Application Process:** The foundation typically selects grantees from preselected charitable organiz…

Where does Meagel Charitable Trust make grants?

Grantmaking is concentrated in West Virginia. The foundation has distributed grants to organizations in West Virginia, Florida, and Oklahoma.

What size grants does Meagel Charitable Trust award?

In 2024, Meagel Charitable Trust awarded 16 grants totaling $877K — an average of about $55K per grant, based on its IRS Form 990 filings.

How much is Meagel Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Meagel Charitable Trust reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.